earnings breakout on daily. i longed at vwap when the stock started to show some strength after being weak all day. even though it stayed there for 4,5 candles, it was the first test of vwap for the day which generally sends the stock away not break the trend. another thing i had in mind when entering this trade but isn't necessarily truth is that strong earnings means the stock should go higher. MB mentioned this during market recap today; good earnings doesn't mean the stock will go higher, you need to read the intraday chart and see what it is telling you.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2015-03-04 13:37:30 | W | buy | $29.360 | long |
2015-03-04 14:05:17 | W | sell | $28.900 | 0 |
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